Many currencies in the world (the euro, the renminbi, the pound or the Swiss franc) have actually been built upon the US dollar.

The world is effectively on a US-dollar standard, and the US Federal Reserve has risen to the unofficial status of the world’s central bank. The rise of the dollar has, to a large extent, been propelled by international banking, which has basically ‘dollarized’ in terms of its lending and issuing activities.

Polleit discusses how the Fed sets global policy; moving towards a worldwide central bank; and what Trump should do.

In conclusion, Polleit says that if the world would move in the direction of ending legal tender laws and giving the freedom to the American people to use gold and silver as their preferred media of exchange, the rest of the world would most likely have to follow the example.

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Fast-Track Learning

This Fast-Track Learning section of video and audio presentations is an easy way to gain knowledge about the precious metals industry and enable you to make well-informed decisions about diversifying your portfolio and maximizing wealth preservation.

Gold demand of 973.5t was the lowest Q1 since 2008. The main cause was a fall in investment demand for gold bars and gold-backed ETFs, partly due to range-bound gold prices. Jewellery demand was steady at 487.7t, as growth in China and the US compensated for weaker Indian demand.